587 Hampton Street, Hampton, VIC 3188 | Commercial for sale | OnTheHouse
 
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587 Hampton Street
Hampton VIC 3188

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 315m2
Land area: 410m2
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Established Tenant | Strong Income | Prime Hampton Position

Positioned within one of Bayside Melbourne’s most tightly held commercial precincts, this securely leased property presents an outstanding opportunity for investors seeking long-term income backed by an established tenant.
Leased to Sweatmaster Health & Fitness, the property is secured by a five (5) year lease commencing 1 June 2024, with a further five (5) year option, providing strong tenancy security through to 31 May 2029 and beyond.
Returning $82,400 per annum plus GST and outgoings, the lease benefits from fixed 3% annual rental increases, delivering reliable income growth and investment certainty.
Occupying approximately 315sqm of internal building area* on a 410sqm landholding*, the property is currently configured as a fully operational fitness facility with flexible improvements suitable for a range of future commercial uses (STCA).
The property features a welcoming glass-fronted entry, expansive front and rear gym areas, office accommodation, storage areas, locker room amenities, separate bathroom facilities, two showers, rear roller door access, courtyard and rear laneway parking for three vehicles.
Property Highlights:
- Securely leased to Sweatmaster Health & Fitness
- Term: Five (5) years plus
one Further five (5) year option
- Returning $82,400 pa + GST + Outgoings
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Property Details for 587 Hampton St, Hampton

Building Type
Commercial
Floor Size
315m2
Land Size
410m2
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About Hampton 3188

The size of Hampton is approximately 4.0 square kilometres. There are 16 parks, covering nearly 7.7% of the total area. The population of Hampton in 2016 was 13391 people. By 2021 the population was 13518 showing a population growth of 1.0% in the area during that time. The predominant age group in Hampton is 50-59 years. Households in Hampton are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Hampton work in a professional occupation.In 2021, 75.20% of the homes in Hampton were owner-occupied compared with 72.60% in 2016.

Hampton has 7,417 properties. Over the last 5 years, Houses in Hampton have seen a -0.01% decrease in median value, while Units have seen a 13.02% increase. As at 30 April 2026:

  • The median value for Houses in Hampton is $2,354,392 while the median value for Units is $947,744.
  • Houses have a median rent of $1,250 while Units have a median rent of $693.
There are currently 21 properties listed for sale, and 7 properties listed for rent in Hampton on OnTheHouse. According to Cotality's data, 335 properties were sold in the past 12 months in Hampton.

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James Davie
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Kirsty Venning
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